The terminal value of an investment using the Sahlman method is: A. Industry-multiplier adjusted product of the terminal year revenue and margins B. Comp-multiplier adjusted product of the terminal year revenue and growth C. Risk-adjusted multiplier of the terminal year revenue D. Industry-multiplier adjusted product of the terminal year revenue and expenses

The Right of First Refusal clause is the provision that enables anti dilution, liquidation preferences and/or voting rights to an investor True False

A fund returner is typically the: A. The instrument through which returns on investments are analyzed and implemented B. set of firms or a firm that delivers on the return expectations set by managing partners to the limited partners C. companies that partners invest in for a given investment portfolio D. managing partners who are tasked with returning to the Limited Partners of a fund, the net ROI/multiplier after the funds lifetime.